Some folks have told me about this VMI card which is a virtual card which you can withdraw your PayPal money with. However, I am doubtful of such services because a friend from my church told me her son’s fund amounting to RM70K disappeared just like that when those virtual cards he used to withdraw PayPal with closed shop and disppeared from cyber space.
Though I am spending quite a bit or rather taking less due to conversion rates, I feel pretty safe getting my money from a friend who has the means to get the money from PayPal transferred to his foreign bank and then, he deposited the amount into my local CIMB savings account. (heh, I am so pathetic with banking, I only manage a savings account)
I had read about Menj‘s experience of PayPal freezing his account temporarily and now, Hotscreensaver too has the same experience. So, I do wonder. Is this VMI card safe? If yes, why does PayPal not recognise it and cause such difficulties to their users? Care to share? I do have a tidy sum from PayPal each month but I like to withdraw them in batches without accumulating too much in my account.
Moral of the story : Find a trusted friend to clear your PayPal for you. Don’t keep too much in there. I cannot stop spending my PayPal so I like to clear them as soon as they are accumulating. If you are a PayPerPost postie like me, hundreds come in each day. LOL.